Gold prices remain steady near record highs as market concerns over U.S.-China tariffs and inflation persist
Investors are closely monitoring upcoming U.S. jobs data while other precious metals also see gains.
Gold prices remained firm on Tuesday, trading at $2,820.94 per ounce as of 0436 GMT, near Monday’s record high of $2,830.49. Persistent U.S.-China tariff concerns and inflation worries continued to drive safe-haven demand.
U.S. President Donald Trump paused tariffs on Mexico and Canada but maintained levies on Chinese goods, stoking market fears. Analyst Yeap Jun Rong projected gold prices could target $2,874 and potentially $3,000 amid market volatility.
Investors are watching key U.S. employment reports, including job openings data on Tuesday, the ADP report on Wednesday, and payrolls on Friday.
Other metals also saw gains: silver rose 0.2% to $31.48 per ounce, platinum increased 0.4% to $967.93, and palladium climbed 1.3% to $1,022.09. Chinese markets remained closed for the Lunar New Year holiday.
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